17
Oct
19 of the Sub-Saharan Africa region’s 35 low-income countries are in debt distress or at high risk of distress, the International Monetary Fund has stated in its October 2022 Regional Outlook Report. Out of the other 10 countries of the region, the Fund said three have faced spreads of more than 1,000 basis points at some point over the past six months. The three are Angola, Nigeria and Gabon. The Fund however did not mentioned the names of the 16 countries. But, those with a ratio of high debt-to-Gross Domestic Product are expected to be part of the countries that…